Colombian gas exports to Venezuela collapse in January

Exports of Colombian gas to Venezuela declined to 60 million cubic feet per day (cbpd) in January compared with an average of 179 cbpd last year, the US oil company Chevron reported on Tuesday.

The sharp decline in gas supply could further increase energy problems in the western region of Venezuela. This part of the country has been affected by serious power outages that may last seven hours, due to the energy crisis.

…Gas demand in Colombia has increased in order to supply thermal power plants. Colombian authorities have implemented a rationing plan which has affected the use of hydroelectric plants to address the lack of rain in the Andean region.